Joevalère: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Joevalère
Largest movements
- Tangible fixed assets -€25,446
down €25,446 (-18.3%), from €139,140 to €113,694
of which Other tangible fixed assets: -€17,066
- Cash -€6,528
down €6,528 (-69.6%), from €9,375 to €2,847
mainly Debts after one year (-€35,132) and Trade debts (-€4,107)
- Receivables within one year -€2,716
down €2,716 (-66.9%), from €4,062 to €1,346
of which Trade receivables: -€2,709
- Debts after one year -€35,132
down €35,132 (-45.7%), from €76,828 to €41,697
- Trade debts -€4,107
down €4,107 (-56.2%), from €7,312 to €3,206
- Profit (loss) carried forward +€1,961
up €1,961 (+8.3%), from €23,495 to €25,456
- Gross operating margin -€7,445
down €7,445 (-17.4%), from €42,902 to €35,456
- Depreciation -€596
down €596 (-2.2%), from €27,084 to €26,488
- Financial income +€430
up €430 (+491%), from €88 to €517
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,172 | €124,335 | -€35,837 | -22.4% |
| Fixed assets | 21/28 | €139,140 | €113,694 | -€25,446 | -18.3% |
| Tangible fixed assets | 22/27 | €139,140 | €113,694 | -€25,446 | -18.3% |
| Plant, machinery and equipment | 23 | €22,596 | €16,422 | -€6,174 | -27.3% |
| Furniture and vehicles | 24 | €18,922 | €16,715 | -€2,207 | -11.7% |
| Other tangible fixed assets | 26 | €97,623 | €80,557 | -€17,066 | -17.5% |
| Current assets | 29/58 | €21,032 | €10,640 | -€10,391 | -49.4% |
| Stocks and contracts in progress | 3 | €5,539 | €4,336 | -€1,203 | -21.7% |
| Stocks | 30/36 | €5,539 | €4,336 | -€1,203 | -21.7% |
| Amounts receivable within one year | 40/41 | €4,062 | €1,346 | -€2,716 | -66.9% |
| Trade receivables | 40 | €3,978 | €1,268 | -€2,709 | -68.1% |
| Other amounts receivable | 41 | €84 | €78 | -€6 | -7.5% |
| Cash at bank and in hand | 54/58 | €9,375 | €2,847 | -€6,528 | -69.6% |
| Deferred charges and accrued income | 490/1 | €2,056 | €2,111 | +€55 | +2.7% |
| Total equity and liabilities | 10/49 | €160,172 | €124,335 | -€35,837 | -22.4% |
| Equity | 10/15 | €53,495 | €55,456 | +€1,961 | +3.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,495 | €25,456 | +€1,961 | +8.3% |
| Amounts payable | 17/49 | €106,677 | €68,879 | -€37,798 | -35.4% |
| Amounts payable after more than one year | 17 | €76,828 | €41,697 | -€35,132 | -45.7% |
| Financial debts | 170/4 | €76,828 | €41,697 | -€35,132 | -45.7% |
| Amounts payable within one year | 42/48 | €29,849 | €27,182 | -€2,666 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €20,812 | €21,342 | +€530 | +2.5% |
| Trade debts | 44 | €7,312 | €3,206 | -€4,107 | -56.2% |
| Suppliers | 440/4 | €7,312 | €3,206 | -€4,107 | -56.2% |
| Taxes, remuneration and social security | 45 | €1,724 | €2,634 | +€910 | +52.8% |
| Taxes | 450/3 | €1,724 | €2,634 | +€910 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,084 | €26,488 | -€596 | -2.2% |
| Other operating charges | 640/8 | €1,219 | €1,028 | -€190 | -15.6% |
| Gross operating margin | 9900 | €42,902 | €35,456 | -€7,445 | -17.4% |
| Operating profit (loss) | 9901 | €14,599 | €7,940 | -€6,659 | -45.6% |
| Financial income | 75/76B | €88 | €517 | +€430 | +491% |
| Recurring financial income | 75 | €88 | €517 | +€430 | +491% |
| Financial charges | 65/66B | €5,887 | €5,806 | -€80 | -1.4% |
| Recurring financial charges | 65 | €5,887 | €5,806 | -€80 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €8,800 | €2,651 | -€6,149 | -69.9% |
| Income taxes | 67/77 | €479 | €690 | +€212 | +44.2% |
| Profit (loss) for the period | 9904 | €8,321 | €1,961 | -€6,361 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,321 | €1,961 | -€6,361 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.